Imagine picking up different outfits at a high-end clothing store with your friends. You are at the counter, and the employee is packing your things. As the prices are usually high at these stores, you pull out your credit card to pay, and your friends await their turn. But as they swipe up your card, it immediately declines, and you cannot pay for your purchases. This issue can be an embarrassing and traumatizing incident you can never forget.
Credit cards getting declined is not just a you-problem but an everyone-problem as it can happen to anyone anytime because these are technical things, and they can’t always be perfect. So, instead of getting upset at your credit card, here are some reasons why it gets rejected and what you can do to resolve the problem.
- Wrong payment information
There are situations when you may accidentally mistype some of the numbers when entering your credit card information. Shopping online may increase the likelihood of this. This is also the case when you are using any electronic payment system like UPI or QR codes.
Review your credit card information and any additional details before clicking the final buy button. To avoid having to enter all these credentials again, study if the merchant let you check out using your virtual wallet, such as an online upi payment app .
- Credit card limit
Reaching the credit limit on your credit card or using it to the maximum is a definite way to get your card declined. Your purchase might not be approved if it exceeds your credit limit. To avoid being caught off guard by exceeding your credit limit before the end of your monthly statement period, you should be aware of the credit limits for each credit card and maintain track of their balances.
- Didn’t activate the card
You must activate a new card whenever you receive one. When you receive your new card, look up the procedure. Usually, payment cards have a sticker with directions, such as a phone number to contact or a website to visit. Activate your card immediately to avoid rejection when you’re ready to use it.
- Traveling
When you use your credit card frequently (domestically and abroad), credit card companies become suspicious that your card may have been stolen. To safeguard your information, your issuer might lock your accounts and stop any purchases from happening.
Inform your bank and credit card issuers before your trip to prevent losing access to your money while you’re away. And as a solution to paying the bill, you can also use a UPI app installed on your, as they are usually hassle free.
Conclusion
Although they might make shopping more convenient, credit cards are not flawless. Don’t get upset if your credit card is refused. Your card issuer may be attempting to stop fraud, or it could be a straightforward user error. Cards can also be rejected if you’ve exceeded your credit limit or your new card hasn’t yet been authorized. To lessen the likelihood of an error arising at an inconvenient time, contact your card issuer before making a significant purchase or traveling. And as an alternative, you can download a payment app to make emergency payments, as UPI payments are usually effortless.